Construction of Samsung’s Nearly $15.1 Billion Research Center has Started

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Samsung Electronics has started constructing its new R&D facility in South Korea’s Giheung, just south of Seoul’s capital.

The research center will cost a total of about 15.1 billion dollars and should be ready in 2028.

The new R&D center will cover an area of 109,000 square meters. Among other things, Samsung will research next-generation devices, semiconductors, and processes surrounding storage.

The center will be located on the existing Samsung Electronics Giheung Campus, the birthplace of the world’s first 64MB DRAM module. That moment, in 1992, pretty much marks the beginning of Samsung’s leadership in semiconductors.

The center’s foundation stone laying ceremony included Samsung Electronics, vice chairman Jay Y. Lee, president and CEO Kye Hyun Kyung, president of Samsung’s memory division Jung-Bae Lee, president of the foundry division Siyoung Choi and president of System LSI. Yong-In Park division.